Defence Stocks Boosts: After India launched Operation Sindoor in response to the deadly Pahalgam terror attack, defence stocks saw a rise. The airstrike on terrorist camps in Pakistan and PoK on May 7 boosted the stock prices of several defence companies.
Shares of companies like Garden Reach Shipbuilders, Astra Micra, Hindustan Aeronautics gained 1.6% and Paras Defence & Space Technologies all went up with Paras Defence seeing the biggest jump of over 4%, reaching Rs 1,412.50, reports Financial Express. But some stocks like Avantel, Ideaforge Technology, and Mtar Technologies went down. The growing tension between India and Pakistan has helped push defence stocks up, adding around $5 billion in value since the attack.
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Both the Nifty 50 and BSE Sensex recovered after a slight dip, with the Nifty gaining 22 points (0.09%) and the Sensex going up by 77 points (0.10%).
Paras Defence: Big Gains and New Ventures
Paras Defence & Space Technologies has seen impressive gains in its stock performance. In the last five trading days, the share price rose by 5%. On the National Stock Exchange, Mazagon Dock Shipbuilders saw a 2% rise, reaching an intra-day high of Rs 3,035.30.
Over the past month, the company has seen a return of 50%, and in the last six months, it gained more than 30%. Over the past year, its stock price surged by an impressive 95%. One of the main reasons behind the growth is the company’s new deal with Israel’s HevenDrones, a leading drone technology firm.
The agreement will allow Paras Defence to manufacture hydrogen-powered drones in India, marking a significant step in the Indian defence sector. These drones will have the capability to be ready-to-fly and deployed immediately, a first in India.
Mazagon Dock: Steady Growth and Record Returns
Mazagon Dock Shipbuilders has also experienced significant growth. In the last five days, its stock price went up by 3.8%. Over the past month, the stock increased by 28%, and in the last six months, it has risen by 39%. Over the past year, Mazagon Dock has provided a multibagger return, with a rise of 174%. The company’s recent performance is largely attributed to its work in the defence sector, including the construction of warships and submarines for the Indian Navy.
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Nibe Ltd: Emerging Defence Player
Nibe Ltd is another emerging company in India’s defence sector. The company focuses on precision engineering, composite materials, and advanced manufacturing solutions. Nibe has rapidly expanded into defence, providing parts for missile systems, drones, and armoured vehicles.
It manufactures structures and sub-assemblies for advanced weapon systems such as the BrahMos Missile, MRSAM, and the Pinaka rocket launcher. Nibe has also formed partnerships with major players in the defence sector, including L&T Defence and Goa Shipyard Ltd.
Solar Industries: Growing in the Defence Sector
Solar Industries is a leading Indian defence manufacturer specializing in explosives and ammunition. The company has significantly expanded its presence in the defence sector by supplying artillery rockets, missiles, and loitering munitions to the Indian armed forces. Recently, Solar Industries entered the space industry by starting to manufacture propulsion systems for space launch vehicles.
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The company’s stocks have grown steadily due to consecutive order wins and the government’s push for self-reliance in defence production. Solar Industries is expected to continue benefiting from long-term contracts in ammunition and rocket systems, enhancing its profitability and operational efficiency.
Bharat Electronics: A Steady Performer
Bharat Electronics remains as usual stays at top. The company manufactures a wide range of electronic systems used by the Indian Armed Forces, including missile systems, radar systems, and C4I systems and more. Over the last five years BEL’s growth rate is at net profits of 16.4%.
In the last quarter the company reported a jump in profits, from Rs 893 million to Rs 1,316 million, compared to the same quarter the previous year.
